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Question
Monroe Hardware contracted to purchase 20 alarm clocks from Clocks, Inc., a clock manufacturer. One week before delivery, Monroe Hardware notified Clocks, Inc. that it was canceling its contract because, it (Monroe Hardware) was overstocked with clocks. Under these circumstances, what remedies are available to Clocks, Inc.?
A. Clocks, Inc. must attempt to resell the clocks to another buyer before it can recover damages from Monroe.
B. Clocks, Inc. must attempt delivery of the goods before it can sue Monroe for damages.
C. Clocks, Inc. may recover the difference between the contract price of the clocks and the current market price at which the clocks are selling.
D. Clocks Inc. can recover purchase price even if resale is possible.
Answer
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